Altura

The ground under it was tendered in 2022. Both ends of that are public; nobody puts them together.

The land under Altura

HDB put this parcel out to tender and names Altura as what was built on it. Everything below is from that tender: the dates, the winning price, and the number of bids received.

  1. Tender launched23 Dec 2021
  2. Tender closed8 Mar 20229 bids received
  3. Awarded22 Mar 2022CNQC-OS (2) Pte. Ltd. and SNC Realty Pte. Ltd.
  4. Winning tenderS$266,000,000S$7,122 per sq m of gross floor area · S$662 per sq ft
Parcel
Bukit Batok E11 Bukit Batok West Avenue 8
Site area
12,449 sq m
Lease
99 yrs
Plot ratio
3
Gross floor area
37,348 sq m
Sold as
EC

What the land cost and what a unit sells for are not two ends of one sum. Between them sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold units. None of those is published for a named project, so this site does not estimate a developer’s cost or margin and no figure here should be read as one.

Source: HDB — Sites Sold by HDB · tender awarded 22 Mar 2022 · transcribed from HDB’s published tables on 2026-08-31 · prices are nominal and are not adjusted for inflation. HDB names the development on this row as “Altura”. This parcel, from tender to today · Every land sale

What has been filed there since

2022 · the groundS$266,000,000S$662 per sq ft of gross floor area
Today · the homes on it$1,481median of 360 filed transactions, 2021-09 to 2026-09

Those two are not the same square foot. Gross floor area includes what nobody buys — the corridors, the car park, the plant rooms — so the land rate is spread across more area than a unit is sold by. The ratio is arithmetic on two published figures and is not a return, a profit, or an appreciation.

Year by year, every size at this address

Every size that sold, which is why it moves when the mix of sizes moves and not only when prices do — no single size band here has enough years to stand on its own yet. Counts in brackets; a year with fewer than 3 filed sales is kept and marked rather than dropped, because a reader can discount a thin year and cannot discount one that was silently removed.
YearMedian psfAgainst the year before
2023$1,478 (308)—
2024$1,491 (37)+0.9%
2025$1,491 (11)0.0%
2026$1,620 (4)+8.7%

The two ends of this page are not two ends of one sum. Between the tender and the first unit sold sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold stock. None of those is published for a named project, so nothing here estimates a developer’s cost or margin and no figure on this page should be read as one. Why that is refused.

The rest of it